JPMorgan · CLARITY Act · US Senate · SEC · The Block
JPMorgan confirms crypto regulatory moves partly offset Clarity Act failure, but risks remain
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JPMorgan analysts said recent actions by U.S. regulators are partly offsetting the negative impact from the Senate's failure to advance the Clarity Act, but political and legal risks remain without a crypto market structure law.
Key facts
- For now, the focus is on steps the SEC, CFTC, and OCC can take to make it easier for institutions to enter crypto
- The Senate failed to move the Clarity Act forward last month
- The SEC released a five-year " Innovation Exemption " for tokenized stocks last month
- The Independent Community Bankers of America has sued the OCC over parts of the approvals
Summary
"Regulator-led measures can encourage institutional participation in the crypto ecosystem over the near term, but only legislation would make the framework more durable over the longer term," the JPMorgan analysts led by Nikolaos Panigirtzoglou said in a Wednesday report. ".elevated political and legal risk premia are likely to persist until comprehensive market-structure legislation is eventually passed. Crypto market sentiment has still remained "relatively constructive. The SEC released a five-year " Innovation Exemption " for tokenized stocks last month.